Examlex
A guitar string 0.65 m long has a tension of 61 N and a mass per unit length of 3.0 g/m.
(a)What is the speed of waves on the string when it is plucked?
(b)What is the string's fundamental frequency of vibration when plucked?
(c)What other frequencies will this string allow?
Collusively
Involves cooperation among competing firms to control market prices or exclude new competitors, contrary to free market principles.
Economic Profits
The surplus remaining after subtracting total costs from total revenues, including both explicit and implicit costs.
Positive Economic Profits
Positive economic profits occur when a firm's total revenues exceed its total costs, inclusive of both explicit and implicit costs.
Monopolist
An entity that is the sole provider of a particular product or service in the market, possessing the power to significantly influence prices and supply.
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